Novatel Wireless Grants Product Distribution Rights to Satel Systems
Novatel Wireless Grants Product Distribution Rights to Satel Systems
Novatel Wireless Grants Product Distribution Rights to Satel Systems
SAN DIEGO, CALIFORNIA - January 7, 2003 - Today Novatel Wireless, Inc. (Nasdaq: NVTL) signed a new distribution agreement with Estonia-based Satel Systems. Novatel Wireless, which develops wireless data access solutions such as its MerlinTM Family of Wireless PC Card Modems, has granted Satel GPRS product distribution rights in the Eastern European republics of Estonia, Latvia, Lithuania, Kazakhstan, Ukraine and the Russian Federation.
Satel is a telecommunications distributor that has rapidly established a reseller network throughout the Baltic states, where the GPRS penetration rate is approximately 50-60% of the population, and recently opened an office in St. Petersburg, Russia to take advantage of the growing market there. Through its multi-country reseller network to enterprise customers, systems integrators, network operators and wireless solutions providers, Satel will market Novatel Wireless GPRS products, including the:
Product inquiries from Eastern Europe can be directed to:
SATEL SYSTEMS
Peter Jarvsoo, Owner/Manager
Mustamae tee 22/Forelli 2
10621 Tallinn
+372 650 5871
peter@satel.ee
www.satel.ee or www.hot.ee/novatel
ABOUT SATEL SYSTEMS
Satel Systems is the authorized distributor of Finnish company Satel Oy in the Baltics and former Soviet countries. Satel Oy, established in 1986, is a Finnish electronics and telecommunications company that specializes in the design, manufacturing and international marketing of radio modems for data communication and alarm transfer. As a leading supplier in Eastern Europe, Satel Systems currently serves the regions of Estonia, Latvia, Lithuania, Kazakhstan, Ukraine and the Russian Federation and is working to extend business into other European market areas.
ABOUT NOVATEL WIRELESS, INC.
Novatel Wireless, Inc. is a leading provider of wireless data modems and software for use with handheld computing devices and portable personal computers. The Company delivers innovative and comprehensive solutions that enable businesses and consumers to access personal, corporate and public information through email, enterprise networks and the Internet. Novatel Wireless also offers wireless data modems and custom engineering services for hardware integration projects in a wide range of vertical applications. The Novatel Wireless product portfolio includes the MerlinTM Family of Wireless PC Card Modems, ExpediteTM Family of Wireless Embedded Modems, Minstrel® Family of Wireless Handheld Modems, Lancer 3WTM Family of Ruggedized Modems and Sage® Wireless Serial Modems. Headquartered in San Diego, California, Novatel Wireless is listed on The Nasdaq Stock Market (Nasdaq: NVTL). For more information, please visit the Novatel Wireless web site: www.novatelwireless.com or call 888-888-9231.
© 2002 Novatel Wireless. All rights reserved. The Novatel Wireless logo, Minstrel, Merlin, Sage, Lancer 3W and Expedite are trademarks of Novatel Wireless, Inc. Minstrel and Sage are registered with the U.S. Patent and Trademark Office. All other brands, products and company names mentioned herein are trademarks of their respective holders.
This release may contain forward-looking statements, which are made pursuant to the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995, as amended to date. These forward-looking statements involve risks and uncertainties. A number of important factors could cause actual results to differ materially from those in the forward-looking statements contained herein. These factors include risks relating to technological changes, continued acceptance of Novatel Wireless' products and dependence on intellectual property rights. These factors, as well as other factors that could cause actual results to differ materially, are discussed in more detail in Novatel Wireless' filings with the United States Securities and Exchange Commission (available at www.sec.gov) and other regulatory agencies.
Satel is a telecommunications distributor that has rapidly established a reseller network throughout the Baltic states, where the GPRS penetration rate is approximately 50-60% of the population, and recently opened an office in St. Petersburg, Russia to take advantage of the growing market there. Through its multi-country reseller network to enterprise customers, systems integrators, network operators and wireless solutions providers, Satel will market Novatel Wireless GPRS products, including the:
- Merlin G201TM dual-band Wireless PC Card Modem
- Merlin G301TM tri-band Wireless PC Card Modem
- Expedite G301TM tri-band Wireless Embedded Modem
Product inquiries from Eastern Europe can be directed to:
SATEL SYSTEMS
Peter Jarvsoo, Owner/Manager
Mustamae tee 22/Forelli 2
10621 Tallinn
+372 650 5871
peter@satel.ee
www.satel.ee or www.hot.ee/novatel
ABOUT SATEL SYSTEMS
Satel Systems is the authorized distributor of Finnish company Satel Oy in the Baltics and former Soviet countries. Satel Oy, established in 1986, is a Finnish electronics and telecommunications company that specializes in the design, manufacturing and international marketing of radio modems for data communication and alarm transfer. As a leading supplier in Eastern Europe, Satel Systems currently serves the regions of Estonia, Latvia, Lithuania, Kazakhstan, Ukraine and the Russian Federation and is working to extend business into other European market areas.
ABOUT NOVATEL WIRELESS, INC.
Novatel Wireless, Inc. is a leading provider of wireless data modems and software for use with handheld computing devices and portable personal computers. The Company delivers innovative and comprehensive solutions that enable businesses and consumers to access personal, corporate and public information through email, enterprise networks and the Internet. Novatel Wireless also offers wireless data modems and custom engineering services for hardware integration projects in a wide range of vertical applications. The Novatel Wireless product portfolio includes the MerlinTM Family of Wireless PC Card Modems, ExpediteTM Family of Wireless Embedded Modems, Minstrel® Family of Wireless Handheld Modems, Lancer 3WTM Family of Ruggedized Modems and Sage® Wireless Serial Modems. Headquartered in San Diego, California, Novatel Wireless is listed on The Nasdaq Stock Market (Nasdaq: NVTL). For more information, please visit the Novatel Wireless web site: www.novatelwireless.com or call 888-888-9231.
© 2002 Novatel Wireless. All rights reserved. The Novatel Wireless logo, Minstrel, Merlin, Sage, Lancer 3W and Expedite are trademarks of Novatel Wireless, Inc. Minstrel and Sage are registered with the U.S. Patent and Trademark Office. All other brands, products and company names mentioned herein are trademarks of their respective holders.
This release may contain forward-looking statements, which are made pursuant to the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995, as amended to date. These forward-looking statements involve risks and uncertainties. A number of important factors could cause actual results to differ materially from those in the forward-looking statements contained herein. These factors include risks relating to technological changes, continued acceptance of Novatel Wireless' products and dependence on intellectual property rights. These factors, as well as other factors that could cause actual results to differ materially, are discussed in more detail in Novatel Wireless' filings with the United States Securities and Exchange Commission (available at www.sec.gov) and other regulatory agencies.